June 20, 2013
Bank of America Corp. (BAC), the second-biggest U.S. lender, should be investigated for its treatment of distressed homeowners, said Representative Maxine Waters, the top Democrat on the House Financial Services Committee...
June 19, 2013
The Neighborhood Stabilization Program has put 93 families in homes and helped secure neighborhoods in Bolingbrook, Romeoville, Crest Hill and Joliet. The efforts were recently recognized when the program was ranked second in the nation.
June 12, 2013
KTVU San Francisco
In the past three years, federal prosecutors have charged 54 people and two companies in three states for bid-rigging during courthouse auctions of foreclosed properties.
June 11, 2013
The new state law would allow banks to complete foreclosures without court hearings, unless a homeowner requests to have a specific case heard by a judge. In the past, all foreclosure cases have had to pass through the court system, even though a large proportion of the actions have been uncontested by the owners...
June 07, 2013
Detroit Legal News
LANSING, Mich. (AP) — Michigan lawmakers are considering changes to the state’s foreclosure law, including a measure that would significantly shorten the period homeowners have to sell or save their foreclosed property...
June 05, 2013
Boston Business Journal
A 2012 law that requires banks to notify borrowers of their rights for a loan modification before foreclosing may have contributed to the drop in seized homes during the first quarter, according to a study by the Massachusetts Housing Partnership...
June 04, 2013
HSBC Holdings Plc (HSBA) broke New York foreclosure law and put homeowners at greater risk of losing their homes, according to New York Attorney General Eric Schneiderman, who said he is suing the bank today...
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